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Updated almost 8 years ago on . Most recent reply

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Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
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791
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Officially Financially Free at 32 !! - Exciting Day!

Austin Fruechting
  • Investor
  • Kansas City, MO
Posted

My first real estate investment was in 2010. I kept acquiring properties, sometimes using the BRRR strategy. I've been without a day job for 1.5 years looking for more deals and got a couple large portfolios in 2016. That hit our passive income goals but we had to recoup cash buffer.

It's officially official, we are free and neither of us have to work!

Looking forward to living life with my wife and both of us being able to do what we want when we want.  

Celebrating with a well aged cigar from the year it all started.  And some of my top shelf bourbon.

Most Popular Reply

User Stats

791
Posts
1,670
Votes
Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
Votes |
791
Posts
Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

@Elizabeth Wilson - I do buy and hold.  A lot just came from on market deals.  A few from just making connections and they would send me opportunities (bankers, property managers)

My biggest deals came from doing a tax search (which I always do) on one property I had some interest in.  I saw who the owner was and knew he owned a LOT of properties so selling one seemed like a red flag given the property.  So I found someone to give me the seller's cell number and called him to ask why he was selling.  He said over the next 3-5 years he was going to be unloading everything to retire and move to Florida.  So we ended up doing a large package deal at a great price and it was a win-win.  

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